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#303049 - 09/08/17 06:16 PM The Equifax Hack
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
They are currently reporting that Equifax was hacked and, literally, millions have now had their personal data taken by criminals. Since its Equifax its ALL you personal records (so the criminals will be able to figure out the best 'clients' to steal from).

Even better is that Equifax held off telling anybody about it whilst top management could sell off their stock in anticipation of a stock fall.
http://money.cnn.com/2017/09/08/investing/equifax-stock-insider-sales-hack-data-breach/

I can remember when the congress, many years ago, before the internet, at the behest of the banking industry, passed a law that removed any responsibility for any personal information held by not only the banks but ANY company that holds the personal information of others. This is, incidentally, why you never hear of any law suits when stuff gets hacked. OUR congress decreed that anybody who holds the personal information of others is simply not responsible for such information. I would cite this law but can't remember what it was called but remember when it happened as it was covered by media for at least 1 day.

So, if you have a bank account, use any credit at all, owe money etc. your personal records are now in the hands of criminals. I, of course, am not concerned as I pay Equifax to secure my records (I am currently waiting for them to explain all this to me. I would have said I was holding my breath but I fear that wouldn't work). I expect my wait might be a bit long. I also see they are offering a complimentary identity theft protection and credit file monitoring services. The 's', at the end of service is a direct copy from their site so I actually have no idea what they are offering. I have written to them asking what I get, free, as a current subscriber. (one can only hope?)



Edited by jgw (09/08/17 06:40 PM)

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#303052 - 09/08/17 06:37 PM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
They said that their "core holdings" were not hacked. So probably the only records hacked were those of people who did things like use their credit cards to freeze their accounts!

But of course, if your accounts are frozen you avoid the worst kind of identity theft: Scammers opening credit accounts with your name. Just watch your credit card statements for any phony charges, and report those right away. Your credit card company will then change your account number, send you new cards, and reverse the charges.

I think this could potentially change the credit industry.

Everybody should really keep their accounts frozen at all three agencies, and have just one credit card account they watch carefully. When you want a credit report sent, you unlock the account at a single agency just for that creditor for one report. Then the lock goes back on. The era of easy credit is over.

This is why we can't have nice things.

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#303053 - 09/08/17 06:48 PM Re: The Equifax Hack [Re: pondering_it_all]
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
My records were taken. I know this because they told me so. What you said may, or may not be true (these people do not tell all). I also firmly believe, when this stuff happens, that they were incompetent, lazy, saving money, and because they are not responsible, just didn't give a damn. I have done business with all of them for years and know this to be a fact (I used to have a debt collection agency amongst other stuff involving credit).

I continue to believe that the only real way to fix the hacking problem is to make these people responsible for the records they hold. If this were done they would actually fix their problems. I guess I should add that most companies, and governments, can be easily hacked. Hell, you can go out to the net and download the programs necessary to do the deed! Its yet another instance, of everybody being concerned about a known problem and doing little or nothing about it.


Edited by jgw (09/08/17 06:50 PM)

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#303056 - 09/08/17 10:43 PM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
A good class action lawsuit that bankrupts them would do a world of good at the two remaining credit reporters. Unfortunately, I think they have jiggered the laws to the point that a suit won't work.

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#303057 - 09/08/17 11:22 PM Re: The Equifax Hack [Re: jgw]
Ujest Shurly Offline
stranger

Registered: 10/16/16
Posts: 222
Loc: Michigan, USA
The easiest way in and that most likely to happen is the human factor; somebody did something stupid like opening up a Trojan email. People, the strongest and weakest link...
_________________________
Vote 2018

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The older you get, the moldery and crustier you get.

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#303059 - 09/09/17 10:13 AM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
If you let your workers access the internet and email from the same computers that have access to the customer database, that's all it takes. One bad website, one phishing email, one mistake and you have a keylogger on that computer. Then the hackers just read the keylog to get the password to the database. Then they just need any company computer with remote access enabled and they're in.

There are safeguards possible. For example, require all employees to carry a key fob that generates new pins constantly. They have to enter the current pin to get in at start of shift, which proves they have the key. Anybody outside would just have one minute per day when they could know the pin. If they read a keylog any time later, the pin would be invalid.

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#303081 - 09/12/17 07:34 PM Re: The Equifax Hack [Re: jgw]
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
Let me say it again. OUR congress, at the behest of the banking industry, made ANYBODY holding data of others not responsible for that data. Rather generous of them, I think? There are any number of things that they could have done to secure their site and they didn't do that, not unlike banks and just about everybody else. Its pretty obvious that American corporations just don't want to fix anything when their own welfare is not on the line - that might hurt their bottom line. They don't take the long view or, I suspect, that would change this stuff but they don't. Just thought I would mention that the same mental set now inhabits our gov - short term seems to be the way it is these days.

I am waiting for somebody to crack one of the really big data farms. How about the new one, in Utah, I think, would probably be a great place to start with but any cloud data farm would probably do. Its really time for those holding our data to be responsible for that data. This, of course, includes gov (which is probably the real reason for letting everybody off the hook?)

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#303087 - 09/13/17 04:18 AM Re: The Equifax Hack [Re: jgw]
pdx rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 40433
Loc: Puget Sound, WA

The Senate will vote in November to dismiss the new Consumer Protection Agency's rule that binding arbitration be done away with, in the spring of 2018. The House voted to take the rule away last July.

Hopefully this Equifax crisis happened for a reason and the Senate will kill the House plan.
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#303089 - 09/13/17 02:43 PM Re: The Equifax Hack [Re: jgw]
NW Ponderer Offline
Moderator
Carpal Tunnel

Registered: 09/09/11
Posts: 15421
I wouldn't hold my breath. Congress is owned by the finance industry. It need its pet legislators more than ever. They'll probably vote to provide a special tax break for them.
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#303090 - 09/13/17 07:52 PM Re: The Equifax Hack [Re: jgw]
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
"Congress is owned by"; drug industry, medical industry, banking industry, airplane industry, (basically EVERY industry) Also, do not forget organizations; doctors, lawyers, unions, trades, religion, etc.
then the antis: gays, women, spending, government, etc.

We should never consider the congress to be singularly bought and paid for <G> They are, if nothing else, singularly self serving.

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#303093 - 09/13/17 08:25 PM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
Well, what's the sense of paying Republicans all that money to get elected, if they don't do you little favors? We're talking Return On Investment here.

You give money to Democrats and they might decide to do the right thing instead of helping you out. Might...

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#303126 - 09/16/17 06:31 PM Re: The Equifax Hack [Re: jgw]
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
I was going to say "why are we paying them anything?" but that is not fair. I believe that there are a number, on both sides, that want to do the best thing for the nation. That was proved in the 3 month deal. The talking heads pretty much agree that a lot of good legislation could be passed if the 'leadership' would allow that legislation to get voted on. Instead that same 'leadership' does the bidding of folks like the freedom caucus. Those voting against the 3 month deal were 90 strong. There are 247 Republicans in congress so the crazed Republicans represent 37% of their group, hardly a majority yet the entire contingent seems to passively go along with the crazies but will vote if given half a chance for, I suspect, virtually anything that might do some good. I also suspect that the Dems probably have approximately the same numbers in their own contingent. The rest, apparently, are willing to not only talk to the other side but vote on stuff they can agree on. What both sides need to do is to purge their leadership of leaders determined to 'win' no matter what since, again apparently, the sane are in the majority in all instances. I also suspect that the real 'problem' is that the sane would prefer not to have the job, and be forced to deal with their crazies.

I keep thinking that the congress will grow a pair, do the right thing, do their damned jobs, deal with Trump and the crazies, and get on to actually fixing the nation. I know, just more wishful thinking - just not gonna happen...........

Instead we have a president who thinks its a good idea to toss waste into running streams, attack his own supporters as well as his supposed party, malign and attack on a regular basis, remove any and all regulations no matter what, all of which kinda pale to the feathering of his own nest.

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#303133 - 09/16/17 08:47 PM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
It will be interesting to see if Trump ever vetoes anything. He'd so anxious for "wins" I suspect he's will to sign anything and then try to take credit for it. Like legislation to fix DACA. His base may howl but there are a ton of Democrats and half the Republicans who would favor that.

Bills are really complicated and run to several hundred pages. He doesn't like to read anything with more than one page. So I'm sure all he ever looks at is the "executive summary" page.

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#303151 - 09/17/17 08:43 PM Re: The Equifax Hack [Re: jgw]
jgw Offline
member

Registered: 05/22/06
Posts: 1670
Loc: Port Angeles, WA
What he is referencing as 'winning' is actually gov doing its job. One of the main problems is the 'win' thing. Apparently this is dandy with everybody. Perhaps its a bit like the wonderful game of football wherein most who play the game, even in high school, end up with a physically serious brain disability.
https://en.wikipedia.org/wiki/Chronic_traumatic_encephalopathy
https://www.nbcnews.com/news/sports/larg...players-n786386

Good point on the signing thing. I think you are right on point. He will sign anything put in front of him just to claim victory and then its just ignored.




Edited by jgw (09/17/17 08:45 PM)

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#303152 - 09/18/17 12:49 AM Re: The Equifax Hack [Re: jgw]
pondering_it_all Offline
old hand

Registered: 02/27/06
Posts: 6952
Loc: North San Diego County
I think he would relish signing a major bill that does something. Doesn't matter what very much. He's taken every possible position on every issue, so he can claim anything as a "win". He sees the world as winners and losers, and it's vitally important to be one of the winners.

Not passing bad legislation might be important to Congressional Republicans, but not to Trump. That's not how you win. You have to actually pass something to win. And if Republicans can't deliver bills to his desk to be signed, well maybe the Democrats can.

I doubt Sanders' Medicare For All bill can ever get out of committee, but the bill to shore up ACA could. It has some moderate Republicans on board and with all the Democrats, they could send it to Trump. He would sign it in a minute and say:

"See, I told you we would make it better and available to everybody." Because that was one of his campaign promises. And then insist on calling it TrumpCare.

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